Property given as a present. 2 v. The action of making a present of property. class gift. A gift made to a group of persons, the number of whom is determined at the time of the gift. gift causa mortis. (Latin.) A gift made by a donor in the expectation that he or she will die soon after. gift over. A gift that becomes effective only upon the expiration of a prior transfer (such as a life estate). inter vivos gift. An irrevocable gift made during the owner's lifetime. testamentary gift. A gift...